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How to Buy Distressed Property in Montenegro

OVERVIEW In public executor proceedings, there are three parties: (i) debtor (owner), (ii) creditor (claimant) and (iii) buyer. Buyer does not pay any costs in public executor proceedings other than transfer tax, which is 3% of purchase price. The costs of the public executor are paid by the creditor and then reimbursed by the debtor (see a calculation example below). There are two types of court forcible sales proceedings (done by Public executor) of mortgaged real estates: public sales and…

Montenegro Tourism and Seasonality Overview 2019 Q2

Tourism ‘defended’ the title of the most successful activity in Montenegro. In 2018, a record tourism revenue of one billion Euro was reached and there were more than two million visitors in a country with just 0.6 million residents. In case you are interested in tourism trends and figures (tourist arrivals, average length of stay, occupancy rates and other), download our free Montenegro Q2 2019 Tourism and Seasonality Overview by filling the form bellow. In case you require the full version…

The New Montenegrin Spatial Planning and Construction Act

In 2017, the Parliament of Montenegro adopted a new Law on Spatial Planning and Construction of Facilities (the “Law”), introducing major innovations in the field of spatial planning and construction. The Law entered into force on October 8, 2017. Among other things, the Law was designed to implement EU standards and harmonize Montenegrin laws with EU law through increased transparency and accountability of spatial planning and development processes. Additionally, the Law employs a number of environmental, societal, and spatial planning…

Investment Conference Budapest, Hungary

Montenegrin real estate investment opportunities on Portfolio – RICS Valuation and Investment Conference by Adriatic Appraisal and OTP Factoring Article from porftolio.hu Montenegrónak nagy tervei vannak a jövőre nézve, különleges adottságaira építve az új Monaco, vagyis egy luxus nyaralóhely kíván lenni. Ehhez pedig tárt karokkal várja a befektetőket, akik számára számos lehetőséget kínál az ország – hangzott el tegnap a Portfolio és az RICS közös szervezésében megrendezett Valuation and Investment 2018 konferencián. Binder Csaba, az OTP Factoring Montenegro vezérigazgatója és Ragab Ádám,…

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